Business
Consumers Seek Stable Power Before Tariff Reduction
Customers of the Power Holding Company of Nigeria (PHCN), on Tuesday, in Lagos, urged the Federal Government to work towards achieving stable power supply in the country before embarking on tariff reduction.
The customers told The Tide that government should tackle power generation and distribution before talking of effecting a reduction in tariff.
The Presidential Task Force on Power, had on Sunday, said that reduced electricity tariffs would be announced by the Nigerian Electricity Regulatory Commission (NERC), in April.
A statement signed by Head, Media and Communications of the Task Force, Mr Abimbola Agboluaje, on Sunday, stated that the new tariff would reduce the cost of electricity by 65 per cent.
“The poorest Nigerians pay more than N80 per kwh, burning candles, kerosene and firewood while the majority of Nigerians pay N50 to N70 per Kwh on generators and manufacturers pay between N45 and N60 per kwh on diesel or LPFO generation, using larger generators,” the statement noted.
In his reaction, Managing Director, Folly-Dee Frozen Foods, Lagos, Alhaja Folami Adisa, said that what the nation needed at the moment was constant power supply and not a reduction in electricity tariff.
Adisa said that many companies had relocated due to erratic power supply, adding: “Even at the moment, if the cost of electricity goes up by 100 per cent, many Nigerians will be willing to pay, provided electricity is constant.
“We were told that the power sector reform will commence late last year, but nothing reasonable has come out of it. Nigerians are tired of promises, what we need now is reality,” she said.
A civil servant, Mr. Francis Andrew, said that government should take the implementation of its policies one after the other, rather than place so much on ground and achieving nothing.
Andrew said that government should look inward in solving the problems in the power sector before embarking on tariff reduction.
“You cannot reduce tariff when there is no supply, government should tackle electricity stability first. What we need now is more actions,” he said.
Also, a consultant, Mr. Ambrose Francis, said that it was a good decision for the government to consider reduction of electricity tariff, adding that Nigerians were paying high rate on electricity consumption.
Francis said that a lot of PHCN billings were faulty, saying that it should be corrected first before the commencement of the privatisation programme.
“We should all support the government’s innovations. Let’s support the government to achieve this laudable plan by April,” he said.
In her comment, Mrs. Florence Odumosu, hairdresser, said that reduction in tariff would attract private electricity companies to invest in the power sector with good rates.
Odumosu said that this was the only condition advanced by the private companies to enable them invest in the sector.
“Let there be constant supply before talking about reduction in tariff. The general cost of electricity will reduce if there is constant power supply.
“One will spend less on buying petrol, kerosene, candles and diesel,” she said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Zidane’s Son Switches Allegiance To Algeria